Welcome To Alappuzha Govt Servants Co-Operative Bank
About Us
During the acute food grain scarcity of the 1960s, government employees and the former Alappuzha District Collector Mr. Kaleeshwaran raised this bank to provide rice and other grocery items to government employees at subsidized rates.
The institute has become a Class 1 Super Grade Bank with a share capital of ₹2.5 crore, ₹140 crore of investment, ₹95 crore loan standby, and ₹133.55 crore working capital with dividend of 25% for members. Having 9,800 A-class members, our bank operates branches in Neerkunnam & Kalavoor as well as a Neethi medical store in Vandanam.
9,800
A-Class Members
25%
Member Dividend
₹140Cr
Total Investment
₹95Cr
Loan Standby
Quick Services
Personal Loans
Up to 12 Lakhs for 100 installments @11.00% per annum
Emergency Loans
Up to 1.5 Lakhs @ 10.00% interest - Issued within 24 hours
Housing Loans
Up to 20 Lakhs for 216 installments @ 11% per annum
Gold Loans
Up to 5 Lakhs @ 8.88% per annum for 6 months